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fxJul 1, 2026, 12:02 PM

DBS: Indian Rupee Supported by BoP, RBI Stance

DBS economist Radhika Rao reports that USD/INR eased to the mid-94 level as India's balance of payments improves and commodity prices adjust.

USDINR

DBS economist Radhika Rao notes the Indian rupee has gained support from an improving balance of payments (BoP) and the Reserve Bank of India's monetary stance. USD/INR has eased towards the mid-94 handle, reflecting these fundamentals.

The improvement in commodity prices also contributes to the rupee's strength, reinforcing the currency's recent upward momentum.

Source: FXStreet Forex News